Other ABS

News

Aldus Aviation Prices $520M Aircraft ABS

The five-year class A notes, rated ‘A’ by Kroll Bond Rating Agency, yield 4.88%; that's more than the senior class on another recent deal backed by Embraer jets.

RGA’s Unit Issues $300m Insurance Bond

The deal from a subsidiary of Reinsurance Group of America is linked to 2.65 million life insurance policies originated between 2006 and 2010.

First National Plans $90M Tax Lien Securitization

FNA 2014-1 Trust, First National's second ever tax lien transaction, will sell a single tranche of ‘AAA’ rated class A bonds that mature on Dec. 10, 2022; the notes are backed by property tax liens secured by 7,651 individual properties.

A Better Hedge for Rising Interest Rates?

The Chicago Board Options Exchange (CBOE) has launched a product designed to allow fixed-income investors to hedge against interest-rate volatility, similar to its equity volatility index that is now widely used by investors seeking to hedge or trade equity-market volatility.

U.K. RMBS Still Affected by BoE Funding Program

Barclays analysts downsized their 2015 forecast for RMBS issuance by U.K. banks for 2015. The culprit? The Bank of England's extension of its below-market lending program.

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Articles

Volcker Rule Extension for CLOs Comes with Big Catch

A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.

CLO Pros See No Letup in Demand

Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.

Babson CEO Finke: CLOs Often Unfairly Judged

Finke says the industry needs to address the lack of understanding about its performance and role in the economy.

Cutting Solar Funding Costs

Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.

Still No Volcker Relief for CLOs

Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.

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Fannie Mae Exploring New Ways to Transfer Risk to Private Sector

Unlike their existing risk-sharing programs, which have drawn $12.5 billion of private capital into the mortgage market by referencing $454 billion of mortgages since their July 2013 inception, some of the latest deals transfer the first loss sustained when a homeowner stops making payments.

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